Fast Spirit Calendars imprints calendars with college names. The company has fixed expenses of $1,095,000 each month plus variable expenses of $ 6.50 per carton of calendars. Of the variable expense, 72% is cost of goods sold, while the remaining 28% relates to variable operating expenses. The company sells each carton of calendars for $ 16.50. Requirements: 1.Compute the number of cartons of calendars that Fast Spirit Calendars must sell each month to breakeven. 2.Compute the dollar amount of monthly sales that the company needs to earn $308,000 in operating income (round the contribution margin ratio to two decimal places). 3.Prepare the companys contribution margin income statement for June for sales of 480,000 cartons of calendars. 4. What is Junes margin of safety (in dollars)? What is the operating leverage factor at this level of sales, and by what percentage will operating income change if Julys sales volume is 12% higher? Prove your answer with detailed explanations. Please note: This was already question has already been posted however; some answers are not correct if directions are followed regarding rounding decimal points. This has caused skewed results. Please finish the requirements. Also, not all the questions were answered for requirement 4. This entails solving by working through two income statements showing how you may prove the differences to prove the answer you came up with for the first question. Complete in full and do not charge me again for the same problem when it should have been answered correctly the first time. Thank you.